Question
In: Accounting
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The company’s planning budget for July appears below:
| Flight Café | ||
| Planning Budget | ||
| For the Month Ended July 31 | ||
| Budgeted meals (q) | 26,000 | |
| Revenue ($3.90q) | $ | 101,400 |
| Expenses: | ||
| Raw materials ($2.00q) | 52,000 | |
| Wages and salaries ($6,500 + $0.20q) | 11,700 | |
| Utilities ($1,900 + $0.05q) | 3,200 | |
| Facility rent ($3,500) | 3,500 | |
| Insurance ($2,900) | 2,900 | |
| Miscellaneous ($900 + $0.10q) | 3,500 | |
| Total expense | 76,800 | |
| Net operating income | $ | 24,600 |
In July, 27,000 meals were actually served. The company’s flexible budget for this level of activity appears below:
| Flight Café | ||
| Flexible Budget | ||
| For the Month Ended July 31 | ||
| Budgeted meals (q) | 27,000 | |
| Revenue ($3.90q) | $ | 105,300 |
| Expenses: | ||
| Raw materials ($2.00q) | 54,000 | |
| Wages and salaries ($6,500+ $0.20q) | 11,900 | |
| Utilities ($1,900 + $0.05q) | 3,250 | |
| Facility rent ($3,500) | 3,500 | |
| Insurance ($2,900) | 2,900 | |
| Miscellaneous ($900 + $0.10q) | 3,600 | |
| Total expense | 79,150 | |
| Net operating income | $ | 26,150 |
Required:
1. Calculate the company’s activity variances for July.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
Flight Café prepares in-flight meals for airlines in its kitchen
located next to a local airport. The company’s planning budget for
July appears below:
Flight Café
Planning Budget
For the Month Ended July 31
Budgeted meals (q)
27,000
Revenue ($4.40q)
$
118,800
Expenses:
Raw materials ($2.00q)
54,000
Wages and salaries ($6,300 + $0.20q)
11,700
Utilities ($2,200 + $0.05q)
3,550
Facility rent ($3,700)
3,700
Insurance ($2,300)
2,300
Miscellaneous ($600 + $0.10q)
3,300
Total expense
78,550
Net operating income
$
40,250
In...
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
Flight Café prepares in-flight meals for airlines in its kitchen
located next to a local airport. The company’s planning budget for
July appears below:
Flight Café
Planning Budget
For the Month Ended July 31
Budgeted meals (q)
22,000
Revenue ($3.90q)
$
85,800
Expenses:
Raw materials ($2.20q)
48,400
Wages and salaries ($6,100 + $0.20q)
10,500
Utilities ($2,100 + $0.05q)
3,200
Facility rent ($3,300)
3,300
Insurance ($2,000)
2,000
Miscellaneous ($700 + $0.10q)
2,900
Total expense
70,300
Net operating income
$
15,500
In...
Flight Café prepares in-flight meals for airlines in its kitchen located next to a local airport....
Flight Café prepares in-flight meals for airlines in its kitchen
located next to a local airport. The company’s planning budget for
July appears below:
Flight Café
Planning Budget
For the Month Ended July 31
Budgeted meals (q)
29,000
Revenue ($4.40q)
$
127,600
Expenses:
Raw materials ($1.90q)
55,100
Wages and salaries ($6,100 + $0.20q)
11,900
Utilities ($2,100 + $0.05q)
3,550
Facility rent ($4,000)
4,000
Insurance ($2,300)
2,300
Miscellaneous ($300 + $0.10q)
3,200
Total expense
80,050
Net operating income
$
47,550
In...
Flight Café is a company that prepares in-flight meals for airlines in its kitchen located next...
Flight Café is a company that prepares in-flight meals for
airlines in its kitchen located next to the local airport. The
company’s planning budget for July appears below:
Flight Café
Planning Budget
For the Month Ended July 31
Budgeted meals (q)
28,000
Revenue ($3.80q)
$
106,400
Expenses:
Raw materials
($2.30q)
64,400
Wages and salaries ($6,200
+ $0.20q)
11,800
Utilities ($2,100 +
$0.05q)
3,500
Facility rent ($3,300)
3,300
Insurance ($2,200)
2,200
Miscellaneous ($400 +
$0.10q)
3,200
Total expense
88,400
Net operating...
Flight Café is a company that prepares in-flight meals for airlines in its kitchen located next...
Flight Café is a company that prepares in-flight meals for
airlines in its kitchen located next to the local airport. The
company’s planning budget for July appears below:
Flight Café
Planning Budget
For the Month Ended July 31
Budgeted meals (q)
26,000
Revenue ($4.30q)
$
111,800
Expenses:
Raw materials ($2.00q)
52,000
Wages and salaries ($6,300 + $0.20q)
11,500
Utilities ($2,000 + $0.05q)
3,300
Facility rent ($3,800)
3,800
Insurance ($2,400)
2,400
Miscellaneous ($700 + $0.10q)
3,300
Total expense
76,300
Net operating...
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products...
SkyChefs, Inc., prepares in-flight meals for a number of major
airlines. One of the company’s products is grilled salmon in dill
sauce with baby new potatoes and spring vegetables. During the most
recent week, the company prepared 6,600 of these meals using 1,950
direct labor-hours. The company paid its direct labor workers a
total of $27,300 for this work, or $14.00 per hour. According to
the standard cost card for this meal, it should require 0.30 direct
labor-hours at a...
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products...
SkyChefs, Inc., prepares in-flight meals for a number of major
airlines. One of the company’s products is grilled salmon in dill
sauce with baby new potatoes and spring vegetables. During the most
recent week, the company prepared 6,300 of these meals using 1,800
direct labor-hours. The company paid its direct labor workers a
total of $18,000 for this work, or $10.00 per hour.
According to the standard cost card for this meal, it should
require 0.30 direct labor-hours at a...
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products...
SkyChefs, Inc., prepares in-flight meals for a number of major
airlines. One of the company’s products is grilled salmon in dill
sauce with baby new potatoes and spring vegetables. During the most
recent week, the company prepared 4,800 of these meals using 1,400
direct labor-hours. The company paid its direct labor workers a
total of $18,200 for this work, or $13.00 per hour.
According to the standard cost card for this meal, it should
require 0.30 direct labor-hours at a...
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products...
SkyChefs, Inc., prepares in-flight meals for a number of major
airlines. One of the company’s products is grilled salmon in dill
sauce with baby new potatoes and spring vegetables. During the most
recent week, the company prepared 3,400 of these meals using 1,300
direct labor-hours. The company paid its direct labor workers a
total of $16,900 for this work, or $13.00 per hour.
According to the standard cost card for this meal, it should
require 0.40 direct labor-hours at a...
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company’s products...
SkyChefs, Inc., prepares in-flight meals for a number of major
airlines. One of the company’s products is grilled salmon in dill
sauce with baby new potatoes and spring vegetables. During the most
recent week, the company prepared 5,600 of these meals using 2,700
direct labor-hours. The company paid its direct labor workers a
total of $21,600 for this work, or $8.00 per hour. According to the
standard cost card for this meal, it should require 0.50 direct
labor-hours at a...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- ========================================================================= A software company sells a package that retails for $99. Quantity discounts are given according...
- Think of different kinds of instrumental music or music with words you cannot understand. Can it...
- Try to solve these problems using the Table method 3. Combustion analysis was performed on 1.50...
- In java processing 3, write a program that draws a circle. The center of the circle...
- 19. What is the NPV of the project? Which you accept the project?
- I need new and unique answers, please. (Use your own words, don't copy and paste), Please...
- Explain how an organization can create a healthy work site. answer in text please at least...
ADVERTISEMENT